Cardano Surges Past $0.825 Resistance, Targets $0.860 and $0.90

Cardano has recovered from a decline to test resistance levels, breaking above a triangle pattern with resistance at $0.825. The cryptocurrency now faces immediate resistance at $0.840, with next targets at $0.860 and $0.90. Technical indicators show bullish momentum, but failure to break $0.840 could trigger another decline.

Cardano (ADA) has shown signs of recovery following a recent decline, as the cryptocurrency price has started to climb above key resistance levels. According to recent market analysis, ADA has broken through a triangle pattern with resistance at $0.825, signaling a potential upward trend [1].

The price of ADA is currently trading above $0.8120 and the 100-hourly simple moving average, indicating a strong bullish momentum. The cryptocurrency has managed to surpass both the $0.80 and $0.8250 resistance levels, which were previously seen as significant barriers to its upward movement [1].

However, the immediate resistance level for ADA is now at $0.840. If the price can clear this resistance level, the next targets for ADA are $0.860 and $0.90. According to technical indicators, the MACD for ADA/USD is gaining momentum in the bullish zone, and the RSI is above the 50 level, further supporting the bullish sentiment [1].

Despite the positive indicators, if ADA fails to break above the $0.840 resistance level, it could trigger another decline. In such a scenario, the immediate support level for ADA would be near $0.8250. The next major support level is around $0.8180, which is also the 50% Fib retracement level of the upward move from the $0.7822 swing low to the $0.8395 high. A downside break below this level could lead to a test of the $0.780 level [1].

In conclusion, while Cardano shows promising signs of recovery, the cryptocurrency market remains volatile, and investors should closely monitor the price movements to make informed trading decisions.

References:
[1] https://cryptorank.io/news/feed/1a967-cardano-ada-signals-recovery-0-84
[2] https://www.mitrade.com/insights/news/live-news/article-3-1090776-20250903